TD Waterhouse Canada Inc. Grows Stock Holdings in Philip Morris International Inc. $PM

TD Waterhouse Canada Inc. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 54.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,780 shares of the company’s stock after acquiring an additional 34,638 shares during the period. TD Waterhouse Canada Inc.’s holdings in Philip Morris International were worth $17,535,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PM. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 91 shares during the period. Capstone Wealth Management Group LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at about $238,000. PFG Advisors increased its stake in shares of Philip Morris International by 6.5% during the first quarter. PFG Advisors now owns 3,180 shares of the company’s stock worth $505,000 after acquiring an additional 194 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Philip Morris International by 3.2% during the first quarter. Proficio Capital Partners LLC now owns 3,988 shares of the company’s stock worth $633,000 after purchasing an additional 125 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.3%

PM stock opened at $155.46 on Thursday. The stock has a market capitalization of $241.99 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.84 and a beta of 0.43. The stock’s fifty day simple moving average is $156.88 and its 200-day simple moving average is $167.55. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The company had revenue of $8.12 billion during the quarter. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is 106.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $189.56.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.